Microsoft buys Nokia - Top 11 business tech highlights of 2013

Nokia was once the dominant force in mobile phones, but from 2011 to 2013 it
slumped from being the world's largest manufacturer to the tenth. At the
same time the company saw a plummeting share price and was forced to lay-off
thousands of staff. In September this year Microsoft announced that it had
done a deal worth €5.4bn to buy the devices arm from Nokia, which will
remain as a company, but stripped of all those engineers and support staff
who worked on phones and tablets, and focus on services instead.